NEW YORK - Two thrifts based in New York City's borough of Queens have agreed to buy three branches of Chemical Banking Corp., with more than $100 million of deposits.
Woodhaven-based Haven Bancorp has announced that it will buy a Rockaway Beach, Queens, branch of the $171.4 billion-asset Chemical for an undisclosed deposit premium.
The branch has $27 million of deposits.
In addition, Floral Park-based North Side Savings Bank will buy two branches with a total of $73 million of deposits.
No purchase price was disclosed for the branches, located in Co-op City in the Bronx and East Elmhurst, Queens.
The North Side deal is expected to close in the quarter ending Dec. 31. Both purchases are still subject to regulatory approval.
Haven is the $1.3 billion-asset holding company for Columbia Federal Savings Bank. North Side is a $1.5 billion-asset thrift with 16 branches in Bronx, Queens, Nassau, and Suffolk counties.